Odaily Planet Daily News Will McEvoy posted on X platform, stating that Cypherpunk Mining has officially launched. With 4.2 Gsol/s of Equihash hashrate deployed in the United States, it has already become the world's largest Zcash miner. The company signed a $33.333 million asset acquisition agreement with Winklevoss Capital to take over its fleet of Bitmain Z15 Pro miners previously deployed across the United States. The operation currently produces approximately 7,800 ZEC per month and has already achieved positive cash flow.

Odaily reports that Fortitude Mining, a mining company under Digital Currency Group (DCG), has signed a procurement agreement worth approximately $45 million. The deal involves mining hardware and infrastructure in Nebraska, aimed at advancing the vertical integration of Zcash mining. The expansion includes a $31.5 million commitment for miner purchases, along with two acquisitions totaling $13.9 million covering power contracts, land, buildings, and mining equipment. Fortitude stated that its controlled data center capacity has increased to over 60 megawatts in 2026. Fortitude is proceeding with a proposed merger with HeartSciences Inc., a Nasdaq-listed company. If completed, the DCG subsidiary will gain a public listing status. In the first quarter of 2026, Zcash accounted for 61% of Fortitude's mining revenue, while Bitcoin's share fell to 36%.

Odaily Planet Daily News The U.S. Securities and Exchange Commission (SEC) announced it has filed a lawsuit against Florida resident Zan Shaikh and his company, Bright Vision Distribution LLC (operating as Mining Automatic), accusing them of defrauding investors through a fraudulent crypto asset mining investment scheme involving approximately $22 million in raised funds.The SEC stated that between June 2023 and May 2025, Shaikh and Mining Automatic promised investors fixed monthly returns from participating in a crypto asset mining business, but the mining operations were actually incapable of generating the promised returns.According to the SEC's complaint, Shaikh and Mining Automatic allegedly made false statements regarding their own crypto mining experience, operational capabilities, the use of investor funds, and the status of the mining business. They also cited an inability to pay investor returns as an excuse for delayed payments.

Odaily reports that on-chain sleuth Specter posted on X, stating that approximately 16 hours ago, a wallet suspected to be linked to Mining Exchange exchanged 5,004 ETH for approximately 8.8 million DAI, sparking market attention on the potential reflow of historical funds.According to their tracking, this address is on-chain associated with the Mining Exchange project, which was initiated in 2019 in Ukraine by Brazilian founder Kaze Fuziyama. The project initially raised funds through a multi-level marketing (MLM) model, was later alleged to be a Ponzi scheme, and pivoted to cloud rendering services after suspending payouts.The on-chain pathway shows that in March 2024, this wallet received 4,512 ETH from a Mining Exchange-related address. Subsequently, these funds were channeled into staking protocols via Lido and Ether.fi, completing the entire ETH staking arrangement by April 2026, before being fully unstaked on May 4th.Specter noted that the address was first flagged on June 15th, but a further analysis was only recently completed. This large-scale swap of ETH for DAI suggests a reallocation or potential exit from the long-held staked funds.Analysis points out that such on-chain behavior—"reactivation of historical project funds coupled with large stablecoin conversion"—typically triggers market concern regarding potential liquidity release and selling pressure.

Odaily News Canaan Technology announced the completion of a $39.75 million financing round. Through the issuance of 806,439,900 Class A ordinary shares (approximately 53,762,660 ADS) to Cipher Mining, it acquired a 49% equity stake in Cipher Mining's three Bitcoin mining farm projects in West Texas (ABC Project: Alborz LLC, Bear LLC, Chief Mountain LLC). The primary business of this project is operating Bitcoin mining farms with a total power capacity of 120 MW and a total hashrate of approximately 4.4 EH/s. The transaction also includes Canaan Technology's repurchase of 6,840 mining machines from Cipher Mining. These machines were originally planned for deployment at the Black Pearl site, which is currently being transformed into an AI data center. Upon completion of the transaction, Cipher Mining becomes a significant shareholder of Canaan Technology, with its shareholding subject to a six-month lock-up period.

Odaily News Morgan Stanley has initiated research coverage on Bitcoin mining companies, assigning an Overweight rating to Cipher Mining and TeraWulf, while rating Marathon Digital as Underweight. (CoinMarketCap)

Odaily News: Nasdaq-listed Bitcoin mining company Cipher Mining announced plans to issue senior secured notes to qualified institutional investors, subject to market conditions and other factors, with a total fundraising target of $2 billion. The offering is guaranteed by Cipher Black Pearl and 11786 Wink LLC. It is reported that the net proceeds from the offering will be used to pay the remaining construction costs of the high-performance computing data center located in Wink, Texas, to fund a debt service reserve, and to cover related fees and expenses, among other uses. (Globenewswire)

According to a client report published Wednesday, BTIG analyst Jonathan Krinsky stated that after experiencing a -36% drop from its peak to its trough earlier this month, Bitcoin is now poised to continue its reflexive rebound, potentially returning to at least $100,000. Bitcoin was last trading at $92,451.30, up nearly 10% in the past five days, but still down 20% over the past month, according to Coin Metrics. Analysts point out that despite recent pullbacks, cryptocurrency mining companies Cipher Mining and Terawaulf have performed exceptionally well during the cryptocurrency correction. Since Monday, Cipher Mining has risen 35%, and Terawaulf has risen 31%. Barclay's Crypto Mining Index has held its support level and is expected to have another 15% upside before encountering stronger resistance. Furthermore, ETH, the second-largest cryptocurrency by market capitalization, appears poised to reclaim the $3,400 level after falling 24% over the past month, last trading at $3,075.62, up nearly 13% in the past five days. Solana and XRP have risen 12% and 15% respectively during the same period. (CNBC)

Odaily Planet Daily News: Week 47 of 2025 (November 14th - November 20th): 1. Cloverpool has not updated its computing power data for week 47. 2. According to blockchain.com, the average price of Bitcoin was $94,332, with a high of $99,836 and a low of $85,981, down 8.57% from the average price of the previous week ($103,178). 2. Notable mining news includes: (1) Bitcoin mining company Cipher Mining plans to raise $333 million through a senior secured note issuance; (2) Bitcoin mining company MARA deposited 644 BTC, worth $58.7 million, into FalconX and Coinbase Prime; (3) Bitcoin mining company Bitfury announced a $1 billion investment plan, focusing on ethical technology and AI innovation; (4) Bitcoin mining company CleanSpark spent $460 million to repurchase 30.6 million shares of common stock; (5) American Bitcoin, a Bitcoin mining company associated with the Trump family, released its Q3 financial report: it increased its holdings by approximately 3,000 BTC during the quarter.

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company Cipher Mining announced it will raise $333 million through a private placement of senior secured notes via its wholly-owned subsidiary, Cipher Compute. The new funds will be used to support the construction of its high-performance computing data centers to expand its Bitcoin mining and AI hosting businesses. (The Block)